Wednesday, November 25, 2020

My Portfolio “Update”

 I added FRT and received VTRS as a spinoff from PFE. From largest to least holding.....

PG (Procter & Gamble)

PEP (PepsiCo)

GPC (Genuine Parts Company)

IBM (International Business Machines)

ADP (Automatic Data Processing)

BEN (Franklin Resources)

XOM (Exxon Mobil)

MMM (3M)

KO (Coca Cola)

KMB (Kimberly Clark)

VZ (Verizon)

MMM (3M)

LEG (Leggett & Platt)

SYY (Sysco)

HPQ (HP)

BRK.B (Berkshire Hathaway)

FRT (Federal Realty)

T (AT&T)

K (Kellogg)

PFE (Pfizer)

EMR (Emerson Electric)

VTRS (Viatris)

Saturday, June 20, 2020

My Portfolio “Update”

I replaced WBA with HPQ and added PFE to my portfolio, which is ordered approximately by size of holding...

PG (Procter & Gamble)
PEP (PepsiCo)
XOM (Exxon Mobil)
IBM (International Business Machines)
GPC (Genuine Parts Company)
ADP (Automatic Data Processing)
BEN (Franklin Resources)
KMB (Kimberly Clark)
VZ (Verizon)
MMM (3M)
HPQ (Hewlett-Packard)
KO (Coca Cola)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)
SYY (Sysco)
T (AT&T)
K (Kellogg)
PFE (Pfizer)
EMR (Emerson Electric)

Sunday, May 03, 2020

My Portfolio “Update”

I added T and EMR. From largest to smallest holding....

PG (Procter & Gamble)
PEP (PepsiCo)
XOM (Exxon Mobil)
IBM (International Business Machines)
GPC (Genuine Parts Company)
ADP (Automatic Data Processing)
BEN (Franklin Resources)
KMB (Kimberly Clark)
VZ (Verizon)
MMM (3M)
WBA (Walgreen Boots Alliance)
KO (Coca Cola)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)
SYY (Sysco)
T (AT&T)
K (Kellogg)
EMR (Emerson Electric)

Thursday, March 19, 2020

My Portfolio “Update”

I sold HPQ. From largest to smallest holding...

PG (Procter & Gamble)
PEP (PepsiCo)
VZ (Verizon)
IBM (International Business Machines)
WBA (Walgreen Boots Alliance)
XOM (Exxon Mobil)
BEN (Franklin Resources)
GPC (Genuine Parts Company)
KMB (Kimberly Clark)
MMM (3M)
ADP (Automatic Data Processing)
KO (Coca Cola)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)
K (Kellogg)
SYY (Sysco)

Sunday, December 22, 2019

My Portfolio “Update”

I added 40 year Dividend Aristocrat, BEN, to my portfolio. From largest to smallest holding.....

PG (Procter & Gamble)
PEP (PepsiCo)
GPC (Genuine Parts Company)
IBM (International Business Machines)
VZ (Verizon))
WBA (Walgreen Boots Alliance)
ADP (Automatic Data Processing
KO (Coca Cola)
MMM (3M)
XOM (Exxon Mobil)
KMB (Kimberly Clark))
SYY (Sysco)
BEN (Franklin Resources)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)
K (Kellogg)
HPQ (Hewlett-Packa

Sunday, October 13, 2019

My Portfolio “Update”

I sold T and M. My portfolio, from largest holding to smallest....

PG (Procter & Gamble)
PEP (PepsiCo)
IBM (International Business Machines)
GPC (Genuine Parts Company)
VZ (Verizon))
ADP (Automatic Data Processing)
WBA (Walgreen Boots Alliance)
KO (Coca Cola)
KMB (Kimberly Clark)
MMM (3M)
XOM (Exxon Mobil)
SYY (Sysco)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)
K (Kellogg)
HPQ (Hewlett-Packard)

Thursday, July 11, 2019

My Portfolio “Update”

I sold my GIS, KHC and HAS and replaced them with smaller positions in LEG and BRK.B, basically to replace them with a Dividend Aristocrat paying 4.2% and BRK.B, which I look at as a synthetic dividend stock, figuring it can do better with its cash, about $115B, than I can.

My portfolio, from largest to smallest position.....

PG (Procter & Gamble)
PEP (PepsiCo)
GPC (Genuine Parts Company)
IBM (International Business Machines)
VZ (Verizon)
WBA (Walgreen Boots Alliance)
ADP (Automatic Data Processing)
T (AT&T)
KO (Coca Cola)
MMM (3M)
KMB (Kimberly Clark)
M (Macy’s)
HPQ (Hewlett-Packard)
SYY (Sysco)
K (Kellogg)
XOM (Exxon Mobil)
LEG (Leggett & Platt)
BRK.B (Berkshire Hathaway)

GNMA (6% Bonds)

Saturday, April 20, 2019

My Portfolio “Update”

I sold my GIS. The portfolio, from largest holding to smallest....

PG (Procter & Gamble)
PEP (PepsiCo)
GPC (Genuine Parts Company)
IBM (International Business Machines)
MMM (3M)
VZ (Verizon)
WBA (Walgreen Boots Alliance)
ADP (Automatic Data Processing)
T (AT&T)
KO (Coca Cola)
M (Macy’s)
KMB (Kimberly Clark)
HAS (Hasbro)
SYY (Sysco)
KHC (Kraft Heinz)
HPQ (Hewlett-Packard)
K (Kellogg)
XOM (Exxon Mobil)
GNMA (6% Bonds)

Wednesday, February 13, 2019

My Portfolio “Update”

With the recent market correction, I made some changes and additions to mu portfolio, now, from largest position to smallest and now 33% of my assets....

PG (Procter & Gamble)
PEP (PepsiCo)
WBA (Walgreen Boots Alliance)
GPC (Genuine Parts Company)
IBM (International Business Machines)
MMM (3M)
VZ (Verizon)
ADP (Automatic Data Processing)
GIS (General Mills)
T (AT&T)
KO (Coca Cola)
KMB (Kimberly Clark)
HAS (Hasbro)
M (Macy’s)
KHC (Kraft Heinz)
HPQ (Hewlett-Packard)
SYY (Sysco)
K (Kellogg)
XOM (Exxon Mobil)
GNMA (6% Bonds)


Saturday, August 18, 2018

Portfolio “Update”

I sold my NWL....and took a small position in GOOGL, small because it pays no dividend. I just want great, iconic companies in my portfolio, as I am now in a total hold mode, now with stocks, as I see there is too much worldwide debt. So, I won’t be buying more stock until the next big market drop.

My portfolio, from largest to smallest holdings....

PEP (PepsiCo)
PG (Procter & Gamble)
WBA (Walgreen Boots Alliance)
GPC (Genuine Parts Company)
IBM (International Business Machines)
MMM (3M)
VZ (Verizon)
T (AT&T)
ADP (Automatic Data Processing)
GIS (General Mills)
KO (Coca Cola)
KMB (Kimberly Clark)
HAS (Hasbro)
M (Macy’s)
SYY (Sysco)
HPQ (Hewlett-Packard)
K (Kellogg)
GOOGL (Alphabet)
GNMA (6% Bonds)



This portfolio represents about 30% of my assets, about 15% is a home mortgage, about 2% precious metals and collectibles, and the rest are CDs.

Sunday, April 08, 2018

My Review of “Necessary Evil”

3 out of 5 stars....

First off, I have a problem with the author David Kinley, calling finance an evil. Sure, as the author describes, human rights are too often the casualty, but, as have been said by many others, the arrow of history points forward. Specifically, world poverty has been minimized coincidental with finance, so, likely because of finance; human beings run finance and are neurologically wired overwhelmingly for justice.

That being said, I agree with the author that more can be done to further human rights, like with better regulation and redistribution, and the book does offer many ways to do this.

Throughout history, the wealthy always have had advantages, however excessive wealth doesn’t always bring happiness. There, the author seems to ignore.

Anyway, I do recommend the book because finance is an important topic, especially since the Great Recession, and income inequality is perhaps the biggest casualty of the recovery.

Sunday, March 04, 2018

My Review of “It’s Better Than It Looks”

4 out of 5 stars....

What first attracted me to this book by Gregg Easterbrook, is the testimonial by Walter Isaacson, since I respect his journalism.

The book is a persuasive look at how, despite the dystopian look at America as presented by the 2016 campaign of the new president, things are actually not just pretty good, but are quite an advancement from the past for most, as the author states the arrow of history always points up. And as with all societal advancements, come disruptions to many who either can’t or won’t adapt to the changes, and government is slow to provide help to those disadvantaged by the progress.

Though the progress might be hard to see by many in the US or Europe, the middle class is shrinking because most leaving are moving up, and since 1990, extreme world poverty has declined from 37% to 10%.. Sure, reform is needed along with the changes, and the author addresses the possible reforms needed while also pointing out how the disadvantaged can currently adapt. The author goes into tackling the following.

Are we starving? No, high yield farming has not only solved that, but the world’s population growth rate peaked around 1960, dropping from about 2.3% to 1.4% per year now. Yet popular films like The Hunger Games portray a future of starvation.

Why, despite all our bad habits, are we living longer? Better healthcare, better disability handling like telecommuting, plus there is a strong correlation between better education and longer life expectancy.

Will nature collapse? Mt. St. Helens’ 1980 eruption was equal to about the power of 1,500 Hiroshima nuclear bomb explosions. Some predicted that needed farmland would destroy our forests, yet since 1980 our forest cover has increased about 15%. Plus, replacements for CFC refrigerants have improved the atmosphere, as have smog controls. 3D seismology, fracking and better car efficiency standards have erased dire warnings of peak oil,

Will the economy collapse? No, basically market economics, with its distributed decision making, eliminated the situation of one leader causing a collapse. There never was a time when all jobs were secure, but there never were more US manufacturing jobs than in 2017. Despite claims that our workforce participation is down, it is about 63% compared to the low of 60% in 1966. Plus, those who complain that GDP growth is slowing, ignore that measurements of GDP are less accurate, like surgeries produce better results. The author does suggest GDP growth could improve with less regulation and public financing of political campaigns. Government efficiency and less debt can be achieved by replacing many social programs with a universal basic income or expanded earned income tax credits. And since a person’s intelligence is pretty much developed by age 6, extending paid work leave to parents of young children would improve population achievements.

Why is violence in decline? Murder and war deaths per capita don’t even appear in the top ten causes of death. The greatest deterrent to crime is the more likely chance of being caught, thus just the cellphone has reduced crime. Less colonialism, more treaties and trade have reduced war. And as devices improve, so does morality.

Why does technology become safer instead of more dangerous? Cars, ships, locomotives, etc become not only safer, but cleaner. Smaller and more accurate weapons reduce war deaths.

Why don’t dictators win? Liberated people are more ingenious, democracies spread.

How declinism has become chic. Research centers, government agencies and political interest groups seek funding. The media looks to grab attention with negative events, often overusing the term, crisis. As demographics age, there is the human tendency to glamorize youthful times. Human bodies are good at producing adrenaline and cortisol, thus a human tendency towards anxiety over future uncertainty, recently in the US and Europe when the white majority feels threatened by immigration. New, social media leads to more opinionization, clustering of ideas called the Big Sort, people only having relationships with people who think similarly, thus more susceptible to the Big Lie.

The “impossible” challenge of climate change. Basically, see the above for clues to the future.......the Big Lie works, but there is reason for hope since not everyone believes the Big Lie.

The “impossible” challenge of inequality. Progress does breed income inequality. Moving helps, like rust belt Midwest victims moving south and to the coasts. Again, a universal basic income might help.

We’ll never run out of challenges. The author mentions future challenges like more robots, artificial intelligence and quantum computing

I do recommend the book.

#Amazon

Monday, January 29, 2018

Portfolio “Update”

I just sold my DPS and replaced it with NWL. Ordered by largest position to smallest.....

WBA (Walgreen Boots Alliance)
PEP (PepsiCo)
PG (Procter & Gamble)
GPC (Genuine Parts Company)
MMM (3M)
IBM (International Business Machines)
VZ (Verizon)
T (AT&T)
KO (Coca Cola)
ADP (Automatic Data Processing)
GIS (General Mills)
KMB (Kimberly Clark)
HAS (Hasbro)
HPQ (Hewlett-Packard)
SYY (Sysco)
K (Kellogg)
NWL (Newell Brands)
M (Macy’s)
GNMA (6% Bonds)


This portfolio represents about 30% of my assets, about 15% is a home mortgage, about 2% precious metals and collectibles, and the rest are CDs.

Friday, October 27, 2017

Portfolio “Update”

I sold all of my MAT (Mattel) and took a small position in M (Macy’s). Ordered by largest position to smallest.....

PG (Procter & Gamble)
PEP (PepsiCo)
WBA (Walgreen Boots Alliance)
MMM (3M)
GPC (Genuine Parts Company)
VZ (Verizon)
IBM (International Business Machines)
T (AT&T)
KO (Coca Cola)
ADP (Automatic Data Processing)
HAS (Hasbro)
KMB (Kimberly Clark)
GIS (General Mills)
HPQ (Hewlett-Packard)
SYY (Sysco)
K (Kellogg)
DPS (Dr. Pepper Snapple)
M (Macy’s)
GNMA (6% Bonds)

This portfolio represents about 25% of my assets, about 15% is a home mortgage, about 2% precious metals and collectibles, and the rest are CDs.

Saturday, October 07, 2017

The Next Economic Collapse

Since the Great Recession ended about 8 years ago and the US is near full employment, odds are that we are due for at least a recession in the not too distant future. And since US financial markets are at or near all time highs, even a mild recession could hit our financial system pretty hard, depending on the triggering event or events.

Anyway, I'll list some potential triggering events which I see could happen.

1. China's debt situation begins unraveling. Debt over 2x GDP, ghost cities and China's apparent policy of buying up commodities for future use.
2. Climate Change. Hurricanes and wildfires are already stretching resources.
3. War. Recent vitriol makes war with North Korea or Iran a real possibility.
4. Rising US interest rates. Rates are already rising.
5. US debt. Not just national debt, but stock and bond margin debt, auto debt, student loan debt, pay day loans and mortgage debt. And derivatives, especially ETF’s and leveraged ETF’s. All this with massive deregulation.
6. Underfunded pensions. State, municipal and corporate.


Tuesday, July 04, 2017

My Review of "Prosperity Without Growth:Foundations For The Economy Of Tomorrow"

5 out of 5 stars

What struck me as very consequential in the book, by Tim Jackson, is that in the two decades in Japan of low growth following good growth during the previous decades, life expectancy grew nicely.

Thus, the question the book explores, is GDP growth necessary for prosperity? It all depends on how one measures prosperity. Jackson says there should be a Subjective Well-Being measurement, kind of a middle ground measurement between a totally consumer material goods and totally socially oriented economy. Poorer societies do need more consumption to achieve basic human needs of hunger, shelter, etc, but having achieved those basic needs for most of its people, societies need less consumer goods consumption and more services - all together maybe of lesser monetary economic value.

The book does look at the 2008 financial crash and how it brought the world closer together, as needed, since one of the causes of the crash had been less economic coordination.

Bottom line, the book is excellent in showing GDP growth numbers, alone, can be very misleading in measuring prosperity. I recommend the book......
#Amazon

Thursday, May 11, 2017

Portfolio "Update"

I sold my CAT, CDK and HYH (CDK and HYH were spinoffs from ADP and KMB), while adding some IBM and GIS, basically to narrow down the number of stocks in my portfolio and focus better on my dividend growers. The portfolio is ordered by largest position to smallest....

 WBA (Walgreen Boots Alliance)
 PG (Procter and Gamble)
PEP (PepsiCo)
HAS (Hasbro)
MMM (3M)
T (AT&T
GPC (Genuine Parts)
VZ (Verizon)
KO (Coca Cola
MAT (Mattel)
ADP (Automatic Data Processing)
KMB (Kimberly Clark)
IBM (International Business Machines)
GIS (General Mills)
K (Kellogg)
HPQ (Hewlett-Packard)
SYY (Sysco)
DPS (Dr. Pepper Snapple)
6% GNMA (Government National Mortgage Association) Bonds

This portfolio represents about 30% of my assets, about 15% is a home mortgage, about 2% precious metals and collectibles, and the rest are CDs.

Saturday, March 18, 2017

My Review of "Automatic Society"

Worthy subject, bad thinking....

2 out of 5 stars

The author looks at how work has been de-humanized to the point of being just part of a society structured around, as he calls it, computational capitalism, a system where consumer consumption is the measure of success. And, we are ruled by "algorithmic govermentality."

Sure, automation has lead to less needed human work hours, and there is dignity to hard work, be it manual or intellectual. But, this is the way progress happens. The world is the healthiest (longest life expectancy), most educated, etc. By the way, video games require higher order thinking than reading (parallel vs sequential thinking). Not that one replaces the other, just that most everyone's brain is more capable of the creative and critical thinking the author thinks has been lost.

Bottom line, I think this book is misguided AND masked with words so pedantic, one needs a dictionary to read almost every page.

Wednesday, March 08, 2017

Portfolio "Update"

I sold my Chevron (CVX) and added General Mills (GIS). My portfolio, ordered by largest position to smallest....

WBA (Walgreen)
PG (Procter and Gamble)
PEP (PepsiCo)
HAS (Hasbro)
GPC (Genuine Parts)
MMM (3M)
T (AT&T
VZ (Verizon)
MAT (Mattel)
KO (Coca Cola)
ADP (Automatic Data Processing)
KMB (Kimberly Clark)
K (Kellogg)
IBM (International Business Machines)
SYY (Sysco)
HPQ (Hewlett-Packard)
CAT (Caterpillar)
DPS (Dr. Pepper Snapple)
CDK (CDK Global)
GIS (General Mills)
HYH (Halyard Health)
6% GNMA (Government National Mortgage Association) Bonds

This portfolio represenents about 25% of my assets, about 16% is a home mortgage, about 3% precious metals and collectibles, and the rest are CDs.





Sunday, January 22, 2017

The New Economy

As a new president begins handling the economy, my take on where we stand now....

The US stock, bond and RE markets are near all time record highs, with low inflation, and about 8 years of economic expansion and the world's best economy at nearly full employment. Most importantly, this has been achieved through great innovation - the Cloud, Big Data, Mobility, Robotics, the Energy Revolution, etc. And, geopolitically, a minor amount of American casualties. Thus, a solid economy.

Unfinished business, so to speak, is large income inequality and a high number of underemployed workers. Plus, about $20T of national debt.

As it looks now, the new president offers reduced corporate income taxes including repatriation of foreign income, reduced personal income taxes, reduced corporate regulations, an infrastructure program, a protectionist trade policy, a restrictive immigration policy, repealing/replacing ACA, and cutting federal programs except the military

With nearly full employment and a proposed restrictive immigration policy, there will likely be a shortage of workers for any large, new infrastructure program. Already there is a shortage of low end agricultural and construction workers. It seems the biggest need for whatever slack there is in our workforce is for retraining many for the new, more technology advanced economy. Thus, no short term benefit can be expected from such a new infrastructure program. Plus, with our aging demographics, we should be facilitating greater immigration and legalizing not deporting illegal residents. On top of that, repealing/replacing ACA could throw our healthcare workforce, an important part of our growing workforce, into disarray. So, overall, a questionable worker program.

In conclusion, tax cuts and less regulation would likely stimulate the economy short term, but longer term, they are of questionable worth since there is no certainty how long or how much our economy can expand until the next recession, plus with such a large national debt, we are in terrible shape to handle the next recession. So, seems with a healthy economy, instead of continuing our slow and steady progress, we are introducing massive uncertainty, not to mention a major expected foreign policy reset.